All3Media News from Friday18 Sep 2023 15:09
Yet another successful attempt to play on the falling value of ITV shares. This time the topic of All3Media is back again, with an inflated valuation and owners strapped for cash. In my opinion, on today's capital market, no one will pay much more than the purchase price, i.e. £550 million. And the ITV management definitely knows how to invest capital profitably, so since it doesn't have much competition, it probably won't bid much more than a reasonable price. That is, if the deal makes any sense for ITV. And this is not certain at all. Plus, nothing will happen overnight. And on the economic market, inflation is falling and there is a growing chance that BOA will limit interest rate increases. Therefore, the profits of dividend companies will soon increase. For me, today is an opportunity for cheap purchases, especially since the recent supply of ITV shares on the market was in a downward trend.